Thread: EUR/USD
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Old 24-03-2009, 06:57
pritam08 pritam08 is offline
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Join Date: Mar 2009
Posts: 22
Default EUR/USD

Made some pips on the EUR/USD; went long at 1.3550: SL: 1.3410. PT1: 1.3670. PT2: 1.3730

This was an overnight trade. Went long 23.00hrs SGT
1) Used the Elliott Wave analysis and saw that Wave-C up was underway, this downward retracement within the main uptrend should give way to the resuming of the uptrend.

2) I also use some alert indicators, and the 15-min chart was fulfilling 4 technical conditions at the time of entry (11.00 SGT bar)
MACD above MACD Signal
MACD showing first positive bar
%K above %D
Parabolic SAR showing the first dot after changing sides
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